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14.07 (1y: +0%)
Market Cap 216.9 M P/E(ttm) 17.50
Enterprise Value 211.95 M P/B 1.10
HFWA- NAS (USA)
Heritage Financial Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$14.07
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt No Debt
HFWA's Cash to Debt is ranked higher than
98% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.42 vs. HFWA: No Debt )
HFWA' s 10-Year Cash to Debt Range
Min: 0.47   Max: No Debt
Current: No Debt
Equity to Asset 0.148
HFWA's Equity to Asset is ranked higher than
86% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.09 vs. HFWA: 0.148 )
HFWA' s 10-Year Equity to Asset Range
Min: 0.09   Max: 0.19
Current: 0.15
0.09
0.19
Interest Coverage No Debt
HFWA's Interest Coverage is ranked higher than
93% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10000.00 vs. HFWA: No Debt )
HFWA' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 0.41
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 27.10
HFWA's Operating margin (%) is ranked higher than
73% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.80 vs. HFWA: 27.10 )
HFWA' s 10-Year Operating margin (%) Range
Min: 0.2   Max: 39.3
Current: 27.1
0.2
39.3
Net-margin (%) 18.5
HFWA's Net-margin (%) is ranked higher than
70% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.70 vs. HFWA: 18.5 )
HFWA' s 10-Year Net-margin (%) Range
Min: 1.2   Max: 25.9
Current: 18.5
1.2
25.9
ROE (%) 6.7
HFWA's ROE (%) is ranked higher than
72% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.20 vs. HFWA: 6.7 )
HFWA' s 10-Year ROE (%) Range
Min: 0.4   Max: 15.8
Current: 6.7
0.4
15.8
ROA (%) 1
HFWA's ROA (%) is ranked higher than
83% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.50 vs. HFWA: 1 )
HFWA' s 10-Year ROA (%) Range
Min: 0.1   Max: 1.6
Current: 1
0.1
1.6
Revenue Growth (%) -7.2
HFWA's Revenue Growth (%) is ranked lower than
61% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. HFWA: -7.2 )
HFWA' s 10-Year Revenue Growth (%) Range
Min: -8.9   Max: 18.1
Current: -7.2
-8.9
18.1
EBITDA Growth (%) 75.2
HFWA's EBITDA Growth (%) is ranked higher than
99% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. HFWA: 75.2 )
HFWA' s 10-Year EBITDA Growth (%) Range
Min: -49.8   Max: 75.2
Current: 75.2
-49.8
75.2
ยป HFWA's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

HFWA Guru Trades in Q2 2012

First Pacific Advisors 275,000 sh (unchged)
» More
Q3 2012

HFWA Guru Trades in Q3 2012

First Pacific Advisors 275,000 sh (unchged)
» More
Q4 2012

HFWA Guru Trades in Q4 2012

Jim Simons 12,900 sh (New)
First Pacific Advisors 275,000 sh (unchged)
» More
Q1 2013

HFWA Guru Trades in Q1 2013

Jim Simons 15,900 sh (+23.26%)
First Pacific Advisors 275,000 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with HFWA



No Insider Trades Found!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 17.50
HFWA's P/E(ttm) is ranked lower than
51% of the 1248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.60 vs. HFWA: 17.50 )
HFWA' s 10-Year P/E(ttm) Range
Min: 8.04   Max: 261
Current: 17.5
8.04
261
P/B 1.10
HFWA's P/B is ranked higher than
60% of the 1347 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.97 vs. HFWA: 1.10 )
HFWA' s 10-Year P/B Range
Min: 0.65   Max: 2.73
Current: 1.1
0.65
2.73
P/S 2.93
HFWA's P/S is ranked higher than
56% of the 1433 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.33 vs. HFWA: 2.93 )
HFWA' s 10-Year P/S Range
Min: 1.3   Max: 4.84
Current: 2.93
1.3
4.84
PFCF 9.80
HFWA's PFCF is ranked higher than
51% of the 1087 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.38 vs. HFWA: 9.80 )
HFWA' s 10-Year PFCF Range
Min: 5   Max: 28.56
Current: 9.8
5
28.56
EV-to-EBIT 12.3
HFWA's EV-to-EBIT is ranked higher than
73% of the 1102 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.26 vs. HFWA: 12.3 )
HFWA' s 10-Year EV-to-EBIT Range
Min: 0.1   Max: 990.7
Current: 12.3
0.1
990.7
PEG 1.1
HFWA's PEG is ranked higher than
63% of the 491 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. HFWA: 1.1 )
HFWA' s 10-Year PEG Range
Min: 0.43   Max: 25.61
Current: 1.1
0.43
25.61
Shiller P/E 16.7
HFWA's Shiller P/E is ranked lower than
100% of the Companies
in the Global Banks - Regional - US industry.

( Industry Median: vs. HFWA: 16.7 )
HFWA' s 10-Year Shiller P/E Range
Min: 6.45   Max: 22.99
Current: 16.7
6.45
22.99

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.27
HFWA's Dividend Yield is ranked higher than
63% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. HFWA: 2.27 )
HFWA' s 10-Year Dividend Yield Range
Min: 0.23   Max: 7.47
Current: 2.27
0.23
7.47
Dividend Payout 0.401
HFWA's Dividend Payout is ranked higher than
73% of the 951 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.30 vs. HFWA: 0.401 )
HFWA' s 10-Year Dividend Payout Range
Min: 0.31   Max: 1.35
Current: 0.4
0.31
1.35
Dividend growth (3y) 31.6
HFWA's Dividend growth (3y) is ranked higher than
98% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. HFWA: 31.6 )
HFWA' s 10-Year Dividend growth (3y) Range
Min: -100   Max: 31.6
Current: 31.6
-100
31.6
Yield on cost (5-Year) 2.20
HFWA's Yield on cost (5-Year) is ranked higher than
67% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.26 vs. HFWA: 2.20 )
HFWA' s 10-Year Yield on cost (5-Year) Range
Min: 0.23   Max: 7.47
Current: 2.2
0.23
7.47
Share Buyback Rate -17.8
HFWA's Share Buyback Rate is ranked lower than
65% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -0.20 vs. HFWA: -17.8 )
HFWA' s 10-Year Share Buyback Rate Range
Min: 9.2   Max: -23.6
Current: -17.8

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.2
HFWA's Price/Tangible Book is ranked higher than
67% of the 1191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. HFWA: 1.2 )
HFWA' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 2.7
Current: 1.2
0.8
2.7
Price/DCF (Projected) 0.7
HFWA's Price/DCF (Projected) is ranked higher than
53% of the 679 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.60 vs. HFWA: 0.7 )
HFWA' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 0.7
Current: 0.7
0.4
0.7
Price/Median PS Value 0.9
HFWA's Price/Median PS Value is ranked higher than
73% of the 1268 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.00 vs. HFWA: 0.9 )
HFWA' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.3
Current: 0.9
0.6
1.3
Price/Peter Lynch Fair Value 0.7
HFWA's Price/Peter Lynch Fair Value is ranked higher than
56% of the 273 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. HFWA: 0.7 )
HFWA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 2.3
Current: 0.7
0.6
2.3
Price/Graham Number 0.9
HFWA's Price/Graham Number is ranked higher than
62% of the 1094 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. HFWA: 0.9 )
HFWA' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 2.5
Current: 0.9
0.7
2.5
Earnings Yield (Greenblatt) 8.10
HFWA's Earnings Yield (Greenblatt) is ranked higher than
83% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.10 vs. HFWA: 8.10 )
HFWA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 854.4
Current: 8.1
0.1
854.4
Forward Rate of Return (Yacktman) 32.75
HFWA's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.00 vs. HFWA: 32.75 )
HFWA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -37.5   Max: 39
Current: 32.75
-37.5
39

Business Description

Heritage Financial Corporation is incorporated in the State of Washington in August 1997. It is a bank holding company for its subsidiary, Heritage Savings Bank. The Company is mainly engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries: Heritage Bank and Central Valley Bank. The Company's business consists mainly of lending and deposit relationships with small businesses and their owners in its market areas and attracting deposits from the general public. The Company also makes residential and commercial construction, multi-family and commercial real estate and consumer loans and originates for sale or investment purposes first mortgage loans on residential properties located in western and central Washington State. The bank also makes residential construction, income property, and consumer loans. It offers financial services to meet the needs of the communities it serves through its community-oriented financial institutions. It offers commercial, real estate, income property, agricultural, and consumer loans. It originates multifamily and commercial real estate loans within its main market areas. Commercial real estate loans are generally made for small shopping centers, warehouses and professional offices. Multifamily and commercial real estate mortgage lending provides an opportunity to receive interest at higher rates than those generally available from single-family residential lending. The Company originates single-family residential construction loans for the construction of custom homes (where the home buyer is the borrower). It also provides financing to builders for the construction of pre-sold homes and, in selected cases, to builders for the construction of speculative residential property. The types of commercial loans offered are business lines of credit, term equipment financing and term real estate loans. The Company competes for loans and deposits with other commercial banks, credit unions, mortgage bankers, and other institutions in the scope and type of services offered, interest rates paid on deposits, pricing of loans, and number and locations of branches, among other things. The Company is subject to extensive Federal and Washington State legislation, regulation, and supervision.
Company Website
SEC Reports
Industry: Banks - Regional - US
Compare:MTB, USB, PNC, PB, CFR
ยป More Articles for HFWA

Headlines

Articles On GuruFocus.com
Heritage Financial Corp. Reports Operating Results (10-K) Mar 04 2011 
Heritage Financial Corp. Reports Operating Results (10-Q) Nov 08 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) Aug 03 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) May 04 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 5,000 Shares Feb 25 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 3,000 Shares Feb 18 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 17,000 Shares Feb 12 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) May 11 2009 
Heritage Financial Corporation of Olympia, Washington Announces Fourth Quarter and Full Year 2008 Re Jan 27 2009 
Heritage Financial Corporation Announces Earnings Conference Call Jan 08 2009 

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